At the Current Level of Real GDP

question 20

Essay

At the current level of real GDP,
Sa = $160
Ig = $180
X = $320
M = $280
G = $270
T = $240
(a) What is the size of injections? Leakages?
(b) Is GDP at its equilibrium level? Explain.(c) What is the unplanned change in inventories? Explain.

---

Definitions:

Equal Pay Act

A U.S. federal law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Substantially the Same Job

A position that is almost identical in terms of duties, conditions, responsibilities, and status to another job.

Age Discrimination

Unfair treatment of an individual or group based on their age, particularly in employment settings.

ADEA

Age Discrimination in Employment Act, a U.S. law designed to protect workers and job applicants aged 40 and over from age-based discrimination.